X @Easy

Market Expectations & Interest Rate Outlook - September rate cut looking increasingly likely [1] - Market saw a 16% swing towards expecting at least one rate cut in September following the data release [1] Economic Data & Labor Market - Non-Farm Payroll data significantly missed expectations (reported 77 thousand vs 110 thousand expected) [1] - Previous jobs data was revised downwards by 125 thousand jobs [1] - Jobs market is weaker than previously anticipated [1] Market Reaction - The dollar experienced a significant price decrease [1] - 10-year treasury bond prices also took a massive hit [1] - Market sentiment shifted back towards "risk on" behavior [1]